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Days20Days on Market
Views1view

$189,000

1508 E Texas Ave, Mart, TX, 76664

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,643 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.03 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListMust-SellAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave

Exterior

Lot Size12,371 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces3

Land Information

APN320180000127009
Lot Number7
SubdivisionWatson Addn
Land UseResidential
Legal DescriptionWATSON ADDN LOT 7 A8 8C BLOCK 84 ACRES .284
Census Tract003601
Assessed Land Value$16,700
Assessed Improvement Value$124,260
Assessment Year2025

About this property

Affordable country living with room to grow! This charming three-bedroom, two-bath home offers comfort, space, and value all in one. Situated on generous land, the property provides plenty of room for outdoor activities, gardening, pets, or future improvements. Inside, you’ll find a functional layout with spacious bedrooms, a welcoming living area, and a cozy atmosphere perfect for families or first-time buyers. Enjoy the peace and privacy of rural-style living while still being conveniently located near local amenities. Don’t miss this opportunity to own an affordable home with land and endless potential! Here is your chance to own your own piece of country living while being close to Waco. Adorable 3 bedroom 1 bath home with additional room that would be a great office or workout area in the cute town of Mart. Bring your country living dreams and schedule a private tour today. Double lot just a little over an acre for gardening and animals.

Investor Tools

Property Icon
$173,000
Estimated Property Value
$136,499Estimated Mortgage Balance
$0Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

Interested in this property?

Tina Wilson

Texas Premier Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$268/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,355
$140,960
2025
$16,700
$124,260
$140,960
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,355
$140,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dept Of Housing & Cmnty Affairs
Stand Alone Second / Subordinate Position
$136,499
No
First
Jul 20, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,864
N/A
0%
150%
$1,638/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,210/mo
$1,638/mo
$-428/mo
8.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mart

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1508 E Texas Ave | Property Details | No Agent List